Switzerland: Retail sales deteriorate in November
Latest reading: Retail sales dropped 0.1% month-on-month in seasonally adjusted terms in November (October: +0.1% mom). The figure was largely driven by a deterioration in food, beverages, and tobacco sales.
On an annual basis, retail sales increased 0.8% in November, which was below October’s 1.5% expansion and marked the worst result since June.